211 Benicia Rd. is a ranch-style 4-BEDROOM 2-BATH home with 1,640
SQUARE FEET on a 8000 SQ. FT+ LOT in the DIAMOND BAR COMMUNITY. NO
HOA FEES OR MELLO ROOS W/this Home. One of its standout features is
the PRIMARY BEDROOM, which has and can be set up as a RENTAL SPACE
W/its own PRIVATE ENTRANCE giving feeling of PRIVACY & LIVING in
your own STUDIO. Include a small refrigerator, coffee pot, plates,
cups, and utensils for renter's use and you have a ROOM TO RENT.
This setup offers excellent income potential for a new buyer while
still leaving three additional bedrooms for private use. The GUEST
BATHROOM has been NEWLY UPDATED W/ New Combo Shower/Tub. New VANITY
and FLOORING to finish the BEAUTIFUL GUEST BATHROOM. Additional
highlights include a spacious living room with a fireplace and a
kitchen with a breakfast bar that opens to the dining area. The
kitchen offers ample cabinet space, and the home includes extra
closets for storage. In addition, the roof was replaced 7 years
ago. The large backyard features a variety of fruit-bearing trees.
(See supplemental document.) And the backyard has a large patio
cover that has been newly repaired and repainted. Another MAJOR
ADVANTAGE is the home's CONVENIENT LOCATION. Not just for
commuters, but it is within walking distance of local eateries,
shopping other amenities. Three local schools are also within 3
miles of the home. Parking is abundant, with an oversized garage
that easily accommodates two cars plus extra storage, as well as
driveway space for three additional vehicles. The CUSTOM PAVER
DRIVEWAY enhances the home's curb appeal So, if you are looking for
a great home in a great location this may the one you have been
waiting for.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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